Sec. 6-203

Citation: Sec. 6-203
Parent Document: Portland City Code ch. 6
Jurisdiction: Portland (municipal)
Original Source: https://www.portlandmaine.gov/asset/c5af4c63-b877-4ea8-9d29-8420cbad7717 ↗

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Rent board approval under this provision is intended to
            ensure a fair rate of return under abnormal,
            unexpected, or irregular circumstances, including, but
            not limited to, capital improvements and minor
            renovations, uninsured repairs, the provision of new
            housing services, revaluation for property tax
            assessment, or other unusual expenses. The Rent Board
            shall presume that the Allowable Increase Percentage
            will be sufficient to satisfy all regular increases in
            operating costs, routine maintenance expenses, and
            other normal or regular costs or expenses, allowing the
            Landlord to maintain a fair return on investment.

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